US STOCKS-Futures lower a day after record close for Wall Street
* Futures down: Dow 28 pts, S&P 2.25 pts, Nasdaq 4.25 pts
By Yashaswini Swamynathan
Aug 16 (Reuters) - U.S. stock index futures were slightly lower on Tuesday, a day after Wall Street closed at record highs and ahead of a raft of economic data.
* The markets are awaiting the release of the minutes from the Federal Reserve's July meeting on Wednesday that would provide clues on when it would be able to raise interest rates and its take on the health of the economy.
* Traders remain largely skeptical of a rate hike in the near term, with inflation running below the Fed's 2 percent target, mixed economic data and central banks worldwide unleashing stimulus programs to support their economies.
* Traders have priced in a mere 9 percent chance of a rate hike in September and a 37.4 percent chance in December, according to CME Group's FedWatch tool.
* The dollar index slipped to its lowest level this month after San Francisco Fed President John William said central banks might have to raise inflation targets, focus more on growth and back much looser fiscal policy in future.
* The Labor Department's consumer price index, expected to be published at 8:30 a.m. ET (1230 GMT), is likely to have remained unchanged in July after rising 0.2 percent in June.
* The Commerce Department will release its report on housing starts, which likely slipped to 1.18 million-unit rate last month from 1.19 million-unit in June. The data is also due at 8:30 a.m. ET. A report on industrial production is expected at 9:15 a.m. ET. Continuación...